SMART Global Holdings Inc

For the period ended Mar 1, 2024. Filed Apr 9, 2024.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 1, 2024 · Filed Apr 9, 2024

PENG$45.70+9.3%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Consolidated Statements of Operations

(In thousands, except per share amounts)

	Three Months Ended		Six Months Ended
	March 1,2024	February 24,2023	March 1,2024	February 24,2023
Net sales:
Products	$235,457	$333,052	$441,887	$649,560
Services	49,364	55,325	117,181	130,614
Total net sales	284,821	388,377	559,068	780,174
Cost of sales:
Products	179,889	255,710	343,302	507,001
Services	22,998	21,659	50,982	50,067
Total cost of sales	202,887	277,369	394,284	557,068
Gross profit	81,934	111,008	164,784	223,106
Operating expenses:
Research and development	20,526	25,272	41,915	49,344
Selling, general and administrative	61,385	60,074	118,602	127,782
Impairment of goodwill	—	17,558	—	17,558
Change in fair value of contingent consideration	—	6,400	—	10,100
Other operating (income) expense	3,335	3,781	6,274	5,552
Total operating expenses	85,246	113,085	166,791	210,336
Operating income (loss)	(3,312)	(2,077)	(2,007)	12,770
Non-operating (income) expense:
Interest expense, net	7,249	9,430	16,808	17,924
Other non-operating (income) expense	248	13,307	(328)	11,945
Total non-operating (income) expense	7,497	22,737	16,480	29,869
Income (loss) before taxes	(10,809)	(24,814)	(18,487)	(17,099)
Income tax provision (benefit)	2,198	8,149	5,732	19,471
Net income (loss) from continuing operations	(13,007)	(32,963)	(24,219)	(36,570)
Net income (loss) from discontinued operations	—	6,177	(8,148)	15,108
Net income (loss)	(13,007)	(26,786)	(32,367)	(21,462)
Net income attributable to noncontrolling interest	613	433	1,174	765
Net income (loss) attributable to SGH	$(13,620)	$(27,219)	$(33,541)	$(22,227)
Basic earnings (loss) per share:
Continuing operations	$(0.26)	$(0.68)	$(0.49)	$(0.76)
Discontinued operations	—	0.13	(0.15)	0.31
	$(0.26)	$(0.55)	$(0.64)	$(0.45)
Diluted earnings (loss) per share:
Continuing operations	$(0.26)	$(0.68)	$(0.49)	$(0.76)
Discontinued operations	—	0.13	(0.15)	0.31
	$(0.26)	$(0.55)	$(0.64)	$(0.45)
Shares used in per share calculations:
Basic	52,031	49,116	52,050	49,039
Diluted	52,031	49,116	52,050	49,039

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.